I'm just saying a $400,000 place probably costs around $2000/month all in to own. Of that, $1400 goes to taxes, fees, interest, etc, ie. financially speaking you're throwing away just as much money by owning a $400K place as you are by renting for $1400. If you're only planning on staying in that place for 5ish years this makes sense, obviously as the time frame extends the principle portion grows.Originally posted by ercchry
in what world is $1400/month getting you into anything close to $400k? and no, im not talking mortgage payment alone